SOURCE: Consorteum Holdings, Inc.

Consorteum Holdings, Inc.

April 29, 2014 08:30 ET

Consorteum Holdings Signs Mobile Application Development and Business Deal With Bet Butler Limited

ThreeFiftyNine to Develop a Comprehensive Mobile Offering for the Bet Clearer Software Betting Solution

INCLINE VILLAGE, NV--(Marketwired - Apr 29, 2014) - Consorteum Holdings, Inc. ("Consorteum" or the "Company") (OTCQB: CSRH), an international transaction management and mobile solutions provider, today announces that its wholly owned subsidiary, ThreeFiftyNine Inc., has entered into a binding agreement with Bet Clearer Ltd., the parent company of Bet Butler Ltd., to develop a mobile offering for Bet Clearer's existing web-based betting concierge service.

Per the agreement, ThreeFiftyNine will enable Bet Butler to create mobile solutions that allow for the delivery of mobile content across a wide range of devices. ThreeFiftyNine simplifies the delivery of a rich mobile experience to the end user by addressing compliance, administration and distribution of mobile content to any handset. The overarching goal is to reduce the complexities of the mobile world and simplify the publishing of digital content.

Bet Butler is a technology driven global bet broking service -- essentially a middleman between bettors and bookmakers. Their value proposition offers a number of benefits, the key being that they offer gamblers the best odds in the world. TFN is developing a mobile version of their world-class service that is targeted for release during the fourth quarter of 2014. This release will allow their clients to place a bet from whichever bookmaker has the best price. The mobile solution will automatically detect the client's location and deliver services only in regulated legal locations.

According to Craig Fielding, CEO of Consorteum and president of ThreeFiftyNine, "Our team is pleased to have the opportunity to work with Bet Butler in developing an innovative, secure, and efficient mobile solution for Bet Butler's growing sports book business. We look forward to a long and mutually prosperous business relationship."

About Consorteum Holdings, Inc.

Consorteum Holdings, Inc. is a transaction management and mobile publishing company focused on transaction processing, including its suite of mobile offerings, delivery of mobile content, mobile payments solutions and products through a mix of on-deck partnerships, license agreements, and joint venture revenue share arrangements. It operates as a technology and services aggregator to meet the diverse needs of its client base by leveraging a wide range of products and services to develop end-to-end, turn-key card and payment transaction processing solutions. The Company has extensive expertise within the Payments and Transaction Industry in North America and internationally. For more information about the Company, please visit: www.consorteumholdings.com

About Bet Butler

Bet Butler is a betting concierge service and odds comparison site rolled into one. It is a UK-based company that holds a license from the UK Gambling Commission. It uses proprietary software and a sophisticated bet placement and account management system, which means clients, only require one simple account to cover the world's leading bookmakers and run all their betting activities.

Forward Looking Statements

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, its limited financial resources, domestic and global economic conditions, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws impacting the Company and its business. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings made with the United States Securities and Exchange Commission.

Contact Information